Long Live The Zombies

Long Live The Zombies

"This year’s credit market is a far cry from the fragile, illiquid one that was seen in 2018", BofA's Barnaby Martin writes, in a note dated Friday. The paradox of 2018 (and Q4 especially) is that while painful, the cross-asset malaise that found some 90% of global assets underperforming USD "cash" served to underscore central banks' addiction liability, thereby compelling policymakers to beat a hasty retreat. If it was inevitable that central banks would eventually give normalization a go, t
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5 thoughts on “Long Live The Zombies

  1. A sense of truth rings in Martin’s musings on this … I disagree with the perpetuity he suggests at one point however.. This in the world of nature is like feeding wildlife through a cold winter year after year and ignoring the inevitable result be it from the laws of God or the inevitable backlash created by an out of balance ecosystem… Correction mechanisms sometimes take strange unexpected forms in their own time…..

  2. C’mon sing it like Glenn Frey:
    Take it easy, take it easy
    Don’t let the sound of your own wheels drive you crazy
    Lighten up while you still can
    Don’t even try to understand
    Just find a place to make your stand, and take it easy

  3. Don’t you see your hypocrisy. You begin by admitting that Easy Money has destroyed the free market – i.e. honest price discovery. You wind up advocating exacerbating the situation. When relatively free minds like yours are justifying this plutocratic socialist experiment, God save us.

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